The South African Commercial, Catering, and Allied Workers Union (Saccawu) have opted to suspend plans to strike at all of Massmart Group’s companies over a dispute at Makro and will …
Tag:
MASSMART
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AfricaAFRICA NEWSBusinessEastern AfricaNewsSouth AfricaSouthern AfricaWestern Africa
Massmart in talks to close Game stores in East, and West Africa
South African retailer Massmart said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. Massmart Chief Executive Officer …
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AfricaAFRICA NEWSBusinessNewsSouth AfricaSouthern Africa
Massmart begins shutting unviable Game stores across South Africa
Massmart, subject to a full buyout offer from parent Walmart Inc, has begun shutting unprofitable and unviable Game stores across South Africa. In December 2021, it announced that it had …
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AfricaAFRICA NEWSBusinessNewsNigeriaSouth AfricaSouthern Africa
South African retailer, Massmart exits Nigerian Market
South African retail giant Massmart has sold its Games Discount World stores in Nigeria. The assets were sold to the controlling shareholder of PricePointe Wholesale Club, an organisation that operates …
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Makro owner Massmart witnessed a billion-rand loss over the 26 weeks ended 26 June 2022 and despite this, its online platforms have performed well. The company believes it will be prepared …
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Massmart, African retail and wholesale group which owns Makro, Game, and Builders, has announced that Jonathan Molapo will succeed Mitchell Slape as CEO from 1 January 2023. Slape former Massmart …
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AfricaAFRICA NEWSBusinessEconomySouth AfricaSouthern Africa
Walmart launches offer to buy S.African retailer Massmart
U.S retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer to buy the remaining shares of South African retailer, Massmart. They bought the initial 51% in 2011 …